Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-05-07-Speech-3-048"
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"en.20080507.11.3-048"2
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"The year 2008 marks the celebration of 10 years since the creation of the European Central Bank (ECB), one of the most daring projects of the European construction. 10 years after its creation, the results obtained by the Economic and Monetary Union represent unquestionable successes. The exclusive use of economic criteria in grounding the ECB decisions and the elimination of all political influence in making decisions have caused the success of this project that has brought benefits to the economies of participant Member States.
At the moment of joining the EU, both the Government and the Central Bank of Romania evaluated the perspective of our country’s accession to the EMU for the year 2014. The euro adoption in Romania entails the prior participation in the Exchange Rate Mechanism (ERM II) for two years, namely as of 2012.
For these time limits to remain feasible we have to continue the efforts to coordinate the fiscal policies of the government with the monetary policies of the central bank and this takes moderation and prudence in the budget execution. For keeping inflation within the parameters proposed by the NBR, we need to avoid the temptations specific to electoral years. The NBR’s inflation targeting policy has to be supported by fiscal stability, responsible decisions in the Parliament of Romania and balanced and efficient budget execution at the level of all State institutions."@en1
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